Silver Oak Securities Incorporated Has $178,000 Stake in DTE Energy (NYSE:DTE)

Silver Oak Securities Incorporated lowered its stake in DTE Energy (NYSE:DTE) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,476 shares of the utilities provider’s stock after selling 367 shares during the period. Silver Oak Securities Incorporated’s holdings in DTE Energy were worth $178,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its stake in shares of DTE Energy by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider’s stock valued at $525,000 after acquiring an additional 96 shares in the last quarter. Centennial Wealth Advisory LLC raised its position in shares of DTE Energy by 5.2% in the fourth quarter. Centennial Wealth Advisory LLC now owns 5,615 shares of the utilities provider’s stock valued at $678,000 after purchasing an additional 277 shares during the period. Foguth Wealth Management LLC. lifted its stake in shares of DTE Energy by 28.0% in the fourth quarter. Foguth Wealth Management LLC. now owns 4,100 shares of the utilities provider’s stock worth $488,000 after buying an additional 898 shares during the last quarter. Choreo LLC boosted its holdings in shares of DTE Energy by 7.1% during the 4th quarter. Choreo LLC now owns 9,066 shares of the utilities provider’s stock worth $1,094,000 after buying an additional 603 shares during the period. Finally, Tectonic Advisors LLC grew its stake in DTE Energy by 4.2% in the 4th quarter. Tectonic Advisors LLC now owns 5,466 shares of the utilities provider’s stock valued at $660,000 after buying an additional 220 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $122.68 on Monday. DTE Energy has a twelve month low of $102.78 and a twelve month high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market cap of $25.41 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68. The firm’s 50-day simple moving average is $120.91 and its 200-day simple moving average is $122.81.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.55%. DTE Energy’s dividend payout ratio is currently 59.08%.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of recent analyst reports. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley lowered their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets upped their price target on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Wells Fargo & Company boosted their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.